Stories By Paul Krugman

  • We’re seeing the transformation of the GOP from a normal political party into a radical movement built around conspiracy theories and intimidation.
  • Krugman: Rapid cooling of our economy has begun I’m not sure people realize the extent to which policies and events have already set the stage for the big cooldown.
  • We’re looking at the aftermath of the debt-financed shale bubble of the 2010s.
  • Odesa was famed for its cafes, its literature, its music. Then history intervened.
  • The world is facing a Putin shock: a surge in the prices of oil and other commodities as a consequence both of Russian aggression and of the West’s retaliation with economic sanctions.
  • Krugman: Wonking Out: Putin’s other big miscalculation Putin evidently believed that Russia could easily weather the economic fallout from his war. He appears to have been wrong.
  • Despite the astonishingly effective fight that Ukraine has put up against invading forces, most military experts seem to believe that Russia’s sheer advantage in firepower will eventually prevail. Having no relevant expertise, I see no reason to...
  • Russia is looking less and less like an advanced nation and Vladimir Putin, with his delusions of grandeur, is even weaker than most realized.
  • Economic sanctions can be very effective, if the West shows the will — and is willing to take on its own corruption.
  • The economy is doing much better than either consumer surveys or polling suggest.
  • This quiet rage of the responsible should be a political force to be reckoned with.
  • Krugman: Abbott’s Bitcoin logic and the antisocial right wing Gov. Greg Abbott is hoping to secure the power grid by encouraging … bitcoin mining.
  • By many measures, we’re in the middle of another morning in America, despite the drag caused by a lingering pandemic and supply chain disruptions
  • Build Back Better is primarily a plan to invest in America’s future — and that’s never a bad bet.
  • Krugman: Grown-ups are missing on one side of the aisle At this point there are no grown-ups left on one side of the political aisle.
  • Bob Dole, the former Senate majority leader and presidential candidate, died Sunday at age 98. The media were filled with encomiums, which was understandable even for those who opposed much of what he stood for. It’s not just that he was a war...
  • Krugman: Time to look ahead, not behind, as inflation creeps up The fiscal expansion of early 2021 is receding in the rearview mirror. Will inflation also recede?
  • Krugman: How softies seized the fed While everyone is talking about inflation risks right now, the Fed is also concerned about the risks of overreacting to inflation.
  • Early this year, some prominent economists warned that President Joe Biden’s American Rescue Plan — the bill that sent out those $1,400 checks — might be inflationary. People like Larry Summers, who was Barack Obama’s top economist, and Olivier...
  • Krugman: History says don’t panic about inflation Brief episodes of overheating don’t necessarily lead to 1970s-type stagflation.